Equatorial Guinea has reopened the case for CEIBA Intercontinental, with a review now positioned as a path toward privatising the state airline. The move comes as Malabo reassesses underperforming public assets and weighs external participation in a carrier that has long depended on state support.
The airline is already under scrutiny for valuation, restructuring and possible equity transfer, with Ethiopian Airlines named in the wider process. That puts CEIBA on a familiar SOE reform track: recapitalisation, governance reset and a search for an operator that can stabilise fleet planning, route economics and maintenance exposure.
If the review advances, ownership change could follow quickly.